Once again, irrelevant as to prices going up due to too much money chasing too few goods. Like the average person cares whether prices are being bid up by usd, yan, pesos, euros, ... They don’t.
“Like the average person cares whether prices are being bid up by usd, yan, pesos, euros, ... They don’t.
The average person doesn’t understand monetary economics and thinks that all price increases are equal. That’s why they get failing grades.
What you described is a price rise due to increased demand. You are conflating that with a price rise due to inflation which isn’t the same. An inflationary price rise will happen with demand staying constant because it is due to a devaluation of the currency, not a competition for resources.